Impressive rally in stocks following hawkish Fed!
Given FOMC stance, was expecting more selling - market proved me wrong today.
A number of the growth stocks which were down by 50-70% over past month rallied hard...has market discounted the worst?
On watch for base building.
Given FOMC stance, was expecting more selling - market proved me wrong today.
A number of the growth stocks which were down by 50-70% over past month rallied hard...has market discounted the worst?
On watch for base building.
Still of the view that before this cycle ends, we will see 15-20% pullback in the indices from their ATHs....
However, with most growth stocks already bombed out (down 50-70%) from their ATHs, perhaps they will now base out as indices roll over?
This game isn't easy!
However, with most growth stocks already bombed out (down 50-70%) from their ATHs, perhaps they will now base out as indices roll over?
This game isn't easy!
Intellectual honesty more important to me than ego.
Today's price action (especially in growth stocks) was impressive! During '00-'03 bust, TMT stocks declined by 50-80% in 3 years, in this cycle many declined by 40-70% in a few months!
On watch to see if they build bases now..
Today's price action (especially in growth stocks) was impressive! During '00-'03 bust, TMT stocks declined by 50-80% in 3 years, in this cycle many declined by 40-70% in a few months!
On watch to see if they build bases now..
In the investment business, the market's reaction is more important than the news!
When stocks stop declining (and rally) on bad news, it is worth paying attention...growth stocks were pummelled over past few months, lets see if they now start basing out....time will tell.
When stocks stop declining (and rally) on bad news, it is worth paying attention...growth stocks were pummelled over past few months, lets see if they now start basing out....time will tell.
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